Galleon Gold Corp (PNCKF)

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News 4/8/2011 - Pure Nickel Reports Operating Highlights


News for 'PNCKF' - (Pure Nickel Reports Operating Highlights and Results for the
Three Months Ended February 28, 2011.)


TORONTO, Apr 8, 2011 (Canada NewsWire via COMTEX) -- Pure Nickel Inc. (TSX:
NIC) (OTCBB: PNCKF) today released its operating highlights for the quarter
ended February 28, 2011, and its financial results for the three months then
ended.

First quarter operating highlights

MAN Alaska

Pure Nickel continues to plan the 2011 program which is expected to commence the
beginning of June, pending ITOCHU's decision to continue funding
exploration.  Agreements with service providers and exploration permits are
being readied and the team is looking forward to investigating the new platinum
group horizons which were identified during the 2010 program.  Larry
Hulbert, D.Sc., P.Geo is the designated Qualified Person for this project.

Tower Property, Manitoba

The Tower property is contiguous with Pure Nickel's William Lake claims in the
Thompson Nickel Belt. Rockcliff Resources Inc. is proceeding to earn-in to the
Tower VMS claims and since the start of the quarter have announced the results
from the first thirteen holes of a planned 24 hole program.  Highlights
from the holes to date are tabulated below. Ken Lapierre, P.Geo., President &
CEO of Rockcliff Resources Inc. and Mark Smethurst, VP Exploration of Rockcliff
Resources Inc., are Qualified Persons under the definition of National
Instrument 43-101.





-- 3.4% copper, 1.2g/t gold, 0.7% zinc and 18.6g/t silver across

2.65m including

10.5% copper, 3.6g/t gold, 2.0% zinc and 56.1g/t silver across

0.85m (Hole 1);



-- 3.6% copper, 0.5g/t gold, 1.4% zinc and 19.0g/t silver across

2.6m including

6.4% copper, 0.8g/t gold, 2.3% zinc and 33.9g/t silver across

1.40m (Hole 2).



-- 7.0% copper, 2.0g/t gold, 1.3% zinc and 32.2g/t silver across

2.65m including

11.5% copper, 2.7g/t gold, 2.0% zinc and 49.7 silver across

1.00m (Hole 4);



-- 3.3% copper, 0.3g/t gold, 0.8% zinc and 17.6g/t silver across

7.45m including

9.8% copper, 0.9g/t gold, 2.2% zinc and 51.5g/t silver across

2.4m (Hole 5);



-- 3.2% copper, 1.1g/t gold, 0.6% zinc and 17.5g/t silver across

4.6m including

4.6% copper, 1.7g/t gold, 0.9% zinc and 29.8g/t silver across

2.2m (Hole 7);



-- 7.6% copper, 2.0g/t gold, 1.7% zinc and 35.4g/t silver across

8.2m including

9.8% copper, 2.8g/t gold, 2.2% zinc and 45.9g/t silver across

5.3m (Hole 8)



-- 5.2% copper, 0.8g/t gold, 1.2% zinc and 23.0g/t silver across

3.7m including

10.9% copper, 1.6g/t gold, 2.2% zinc and 48.7g/t silver across

1.2m (Hole 9);



-- 7.6% copper, 0.6g/t gold, 1.8% zinc and 32.0g/t silver across

2.6m including

10.7% copper, 0.9g/t gold, 2.5% zinc and 44.8g/t silver across

1.7m (Hole 10);



-- 3.4% copper, 0.3g/t gold, 0.5% zinc, 14.2g/t silver across 2.1m

including

4.7% copper, 0.3g/t gold, 0.7% zinc, 19.7g/t silver across 1.5m

(Hole 11);



-- 4.6% copper, 1.2g/t gold, 1.2% zinc, 22.0g/t silver across 2.9m

including

7.5% copper, 2.1g/t gold, 1.9% zinc, 35.9g/t silver across 1.6m

(Hole 12);



-- 4.0% copper, 0.3g/t gold, 0.8% zinc, 15.3g/t silver across 3.3m

including

5.2% copper, 0.4g/t gold, 1.1% zinc, 20.1g/t silver across 2.5m

(Hole 13)





Results for the three months ended February 28, 2011

Pure Nickel reported that its net loss was in line with expectations: $360,000
($0.005 per share) for the three months ended February 28, 2011, compared to a
net loss of $394,000 ($0.006 per share) for three months ended February 28,
2010. For further information refer to Pure Nickel's consolidated interim
financial statements and the accompanying management discussion and analysis on
the company's website at www.purenickel.com, on SEDAR at www.sedar.com, and on
EDGAR at www.sec.gov/edgar/searchedgar/companysearch.html. (All dollar amounts
herein are in Canadian funds unless otherwise indicated.)

About Pure Nickel Inc.

Pure Nickel is a mineral exploration company with a diverse collection of
mineral exploration projects in North America.

Some of the statements contained herein may be forward-looking statements which
involve known and unknown risks and uncertainties.  Without limitation,
statements regarding potential mineralization and resources, exploration
results, expectations, plans, and objectives of Pure Nickel are forward-looking
statements that involve various risks.  The following are important factors
that could cause Pure Nickel's actual results to differ materially from those
expressed or implied by such forward looking statements: changes in the world
wide price of mineral commodities, general market conditions, risks inherent in
mineral exploration, risks associated with development, construction and mining
operations, the uncertainty of future exploration activities and cash flows, and
the uncertainty of access to additional capital. There can be no assurance that
forward-looking statements will prove to be accurate as actual results and
future events may differ materially from those anticipated in such
statements.  Pure Nickel undertakes no obligation to update such
forward-looking statements if circumstances or management's estimates or
opinions should change. The reader is cautioned not to place undue reliance on
such forward-looking statements.

The TSX Exchange does not accept responsibility for the adequacy or accuracy of
this release.

To view this news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/April2011/08/c2490.html

SOURCE: Pure Nickel Inc.